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Author: Dwdonhoff Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128403  
Subject: Re: 30 FRM cheaper now than 5 yr ARM Date: 9/25/2012 12:10 AM
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Hi Robyn,

My dad has two 4-plexes close by and the interest rates are 6% and 6.75%. He has great cash flow and stable long-term tenants. Would the interest rates be higher because they aren't his primary residence but income property?
Rates on his 4-plex invesment properties would probably be in the mid-to-high 3%s currently.

BTW, we were thinking about refinancing his personal home. It is a VA loan and at 4.375%. Do VA loans always have a bit higher percentage rate than conventional or other types?
Very minimally. A VA streamline would probably grab him rates in the low-to-mid 3% currently.

Does the Government/VA determine the loan rate or is it more "open market"?
Open market.

Dave Donhoff
Leverage Planner
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